Lucas Papademos Quotes

If we don't get a grip on government spending, there will be no growth.

Gradual fiscal consolidation may also be stimulative in the short run.

When gross public debt exceeds 90 percent of GDP, economic growth tends to decline considerably.

I will work to restore fiscal responsibility to our country's budget and to provide for a more robust economy.

Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.

We have a spending problem, not a taxing problem. The less we spend, the more jobs we have the potential to create.

Fiscal policy will need to manage trade-offs between supporting demand, protecting social spending, and ensuring that public debt remains on a sustainable path, with the optimal mix depending on country-specific circumstances.

Sound public finances are the essential foundation on which to construct a better-balanced economy from the wreckage of Labour's boom and bust. But it is economic growth that will create the jobs and the prosperity for the future and enable us to pay down Labour's debt.

It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.

No one, no social group, can today avoid the commitment to contribute to the clean up of public finances in order to prevent the financial collapse of Italy. The sacrifices will not be in vain, especially if the economy begins to grow again.

Well, I think the president has clearly submitted us a tight budget, but it's what's called for if we're going to get spending under control and keep the economy moving in the right direction, with economic growth and job creation activity.

Fiscal discipline can turn the economy around.

It certainly would be helpful going forward for deficit reduction efforts to focus on the medium term while not subtracting from the impetus we need to keep a fragile economy moving forward.

It is important for India to stay the course on fiscal consolidation.

Where fiscal space is low, fiscal policy needs to adjust in a growth-friendly manner to ensure public debt is on a sustainable path, while protecting the most vulnerable.

The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.

But I think the global economy will understand that the United States has the ability to meet its obligations. But it's not going to be able to do it over the long term if we can't control the growth of government.

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.

In Greece, Italy and, to a lesser extent, France, unsustainable tax cuts and spending sprees added to households' estimates of their private wealth relative to their wage income.

Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.

Memo to Congress: America's problem is not that government is too small. It's the spending, stupid!

Fiscal policy is not just, or even not even principally, the purview of the president.

Reducing debt through budgetary consolidation is essential to restoring Europe's financial health.

Government spending is being restrained, the economy is making progress and moving forward, and the pro-growth, tax cutting policies put in place have allowed businesses to grow, which has brought in additional tax revenue to help pay off the debt.

Europe is trying to get its fiscal house in order.